Contact Exploration Inc. announce that each of the three Contact operated wells, at 2-18-63-5 W6M (2-18), 8-20-63-5 W6M (8-20) and 9-20-63-5 W6M (9-20) (collectively, the "New Wells"), drilled from the Company's first three-well pad, have successfully been on production since early October 2014. Contact holds a 25% WI in the New Wells.
Average production from the New Wells during the period October 8, 2014 to November 9, 2014 (excluding downtime) is summarized in the table below, with condensate yields from the New Wells during this period averaging approximately 170bbl/mmcf natural gas:
Contact is encouraged with the strong 30 day initial production rates from the New Wells and is also pleased to report that current production rates from the New Wells remain at or near the rates experienced during the initial 30 day production period.
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Contact Exploration Inc.
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